Georgetown McDonough Increases Scholarships For Veterans Graduate Programs
Starting in fall 2018, Georgetown University’s McDonough School of Business will increase its funding for veterans enrolled in graduate programs as part of the Yellow Ribbon GI Education Enhancement Program. The increase will provide students with $15,000 per year from Georgetown McDonough (up from $10,000 in previous years), resulting in a total of $30,000 annually thanks to a matching gift from the Department of Veterans.
Discussing the Georgetown scholarships and how it will help veterans at the university, Dean Paul Almeida talked about the burden it eases for those in their community. “By virtue of being in Washington DC, we share a home with many members of the military community seeking to transfer their valuable training and experiences into the business world,” he said. “We are proud to increase our Yellow Ribbon funding for these servicemen and women. Easing their financial access to our programs is one way we can thank them for their service.”
In addition to the increase in funding, which can be used to pay for tuition and fees, Georgetown McDonough also removed the cap on enrollment. Now, an unlimited number of eligible students can benefit from the funding when they attend one of Georgetown McDonough’s eligible graduate programs. Those programs include the following:
- Full-time and Evening MBA
- Executive MBA
- Global Executive MBA
- Executive Masters in Leadership
- A. in International Business and Policy
- S. in Finance
To qualify for the Yellow Ribbon program, veterans must be 100 percent eligible for post-9/11 benefits. They must also not be on active duty or have a spouse on active duty from whom they are receiving transferred benefits. Also, they must be enrolled in a graduate degree program and accumulate more tuition and fees over an academic year than indicated by the post-9/11 private tuition maximum.
To learn more about the Yellow Ribbon program at Georgetown McDonough and how the school is helping veterans, visit the website. You can also read the original press release about the increase in funding here.
This article has been edited and republished with permissions from our sister site, Clear Admit.
How a Rutgers Alum Single-Handedly Saved the U.S. Treasury Market After 9/11 – New York News
Let’s explore some of the most interesting stories that have emerged from New York City business schools this week.
9-11 and The Almost Meltdown of the U.S. Treasury Market – Rutgers Business School Blog
Rutgers Business School recently published the incredibly unique and singular story of how Art Certosimo, RBS alum and Senior Executive VP of Bank of New York-Mellon heading the Global Markets Group, almost single-handedly saved the US Treasury market in the immediate aftermath of 9/11.
After Art extricated his team to a temporary base in New Jersey on the 12th, Art quickly understood that he needed to procure a “massive fiber-optic cable to the data center in New York City” or risk a meltdown of the entire U.S. Treasury Market and “the possible demise of the credibility of U.S. sovereign debt.”
“Art and Tom Renyi, CEO of BNY (another Rutgers graduate, and dear friend of RBS and REMBA) had a conference with Colin Powell, Donald Rumsfeld, Dick Cheney and a host of 4- and 5-star generals, and explained to them that this was ‘priority #1’ for that day, 9-12.”
You can read the full account of the event here.
Michael Cline, Founder of Fandango, Shares the Keys to Entrepreneurship – Gabelli Connect
Fandango, Exult, Xchanging, Accretive Health, and Accolade founder Michael Cline recently took part in the Gabelli School of Business Speaker Series at the school’s Lincoln Center campus to share his insights on the “major milestones that occur over the course of starting a new venture.”
Cline explained that the entrepreneurial journey “looks more like an inverted bell curve, swooping down for quite some time before slowly creeping back up until the idea becomes something the creator is proud of creating.”
Gabelli undergrads reportedly got a lot of Cline’s lecture. Undergrad Zach Zimmerman, BS ’19 writes, “It was great to see Mr. Cline’s perspective as a serial entrepreneur and understand the emotional roller coaster behind creating anything great. When you get in a ‘swamp of despair,’ which happens with any great project, it is important to stay focused, driven, and persistent.”
Get the full scoop on Cline’s talk here.
Sharing Ideas, Inspiring Change – Lehigh College of Business and Economics Blog
The Lehigh University College of Business and Economics recently hosted its two-day 2018 Symposium on Teaching and Learning in which staff and students presented new interdisciplinary research techniques and classroom strategies.
Just a few examples include “journalism students using drones to tell stories; biology students exploring the body in virtual reality; urban studies students using outdoor spaces as labs for testing ideas to improve city life; and students in organic chemistry making tutorial videos for their peers.”
Sarah Stanlick, Lehigh professor of practice in sociology and anthropology and director of the CCE, hoped that the symposium opened people’s eyes to “some really interesting, innovative pedagogues, the fact that research can be really impactful outside of the university, that there are partnerships and ethics and humility that need to be brought into these lifelong learning collaborations and that there is power in higher ed to be world-changing.”
Lehigh professor Sarah Stanlick speaks at the recent 2018 Symposium on Teaching and Learning / Photo via lehigh.edu
You can read more about the symposium here.
These LA Business Schools Are Helping Low Income Students Pursue Their Dreams
For many low-income applicants, unfortunately, the cost of an MBA program is just out of reach. That’s because, by the time you count tuition (often upwards of $80,000), boarding and books ($40,000), and other expenditures, the average cost of an MBA is around $140,000 according to Investopedia. And that’s all before you count lost salary for two years for a full-time MBA program.
What can you do?
For low-income MBA applicants in Los Angeles, California you don’t have to give up on your dreams due to money. Instead, business schools offer many options to help pay for your MBA program.
California DREAM Act
The California DREAM Act of 2011 is currently available to California residents who attended and graduated from high school in the state and are enrolled in an accredited California Institution of Higher Education. If you meet these eligibility requirements, you’ll be given access to California State financial aid and scholarships as well as specific university financial aid programs. In addition, need-based graduate applicants are eligible for the State University Grant (SUG) program, which awards up to $7,176 to help cover tuition.
California State University’s Long Beach College of Business Administration is just one of the MBA programs that provides this type of financial aid to low-income MBA applicants. The College of Business Economics at Cal State L.A. also accepts DREAM Act Applications for student financial aid.
Scholarships
MBA scholarships for low-income applicants are one of the best ways to help pay for your degree program. Scholarships vary by school and can range from a few thousand dollars per year to full-tuition coverage plus a stipend.
At the UCLA Anderson School, there are six unique fellowships available to MBA applicants.
- Donor Fellowships are awarded to MBA applicants based on professional development, intended career, community involvement, and/or financial need.
- Merit Fellowships are awarded based on the strength of a student’s application.
- External Fellowships are available for a variety of different situations and students. One example is the Girard Miller Foundation scholarship, which is awarded to a graduate student preparing for a career in state or local government finance.
Teaching Assistantships
For California MBA students, financial aid doesn’t stop in the first year. For second-year full-time MBA students, many Los Angeles business schools offer Teaching Assistantship (TA) positions. These positions are usually awarded to students who keep their grade point averages above a certain level and who apply and receive an appointment. The award amount varies by business school but, in some cases, covers 100 percent of a student’s services fee and tuition.
At UC Irvine’s Paul Merage School of Business, full-time MBA students who gain a TA appointment receive payment for 100 percent of their Graduate Student Health Insurance Program (GSHIP) premium. They also receive 100 percent of the Student Services Fee and Tuition components per quarter.
Military Veteran Aid
For low-income MBA applicants who also have a history of military service, there are many unique financial aid opportunities. The exact services available will depend on the school, but some of these programs are available at schools across California and the U.S.
First, there’s the Yellow Ribbon Program, which many Los Angeles business schools take part in, including Chapman University Argyros School of Business. This program awards MBA students up to $6,000 for tuition and fees. Another program open to military veterans is the Post-9/11 GI Bill, which includes payments directly to the university for tuition and fees, a monthly housing allowance, and an annual books and supplies stipend up to $1,000 per year.
Individual schools like the USC Marshall School of Business also offer their own specific scholarships for military veterans. The Schoen Family Scholarship Program for Veterans is available to full-time MBA students at Marshall and has, to date, provided a staggering $1.2 million in financial support to 173 students at the university.
Loans
Finally, most low-income MBA applicants in Los Angeles are eligible for federal student loans. Direct PLUS Loans are available to graduate students to help pay for educational expenses up to the cost of attendance. MBA students can request unsubsidized loans up to their full eligibility with an Income-Driven Repayment Plan that allows you to make payments based on your adjusted gross income. In most cases, payment will begin until after graduation.
For MBA applicants at Pepperdine University’s Graziadio School of Business and Management, financial aid loan application for Federal Graduate PLUS student aid and Federal Direct Stafford Loans is easy. The school provides loan counseling for graduate student borrowers, loan calculators, and more.
For more information about how your business school could help cover the cost of your MBA program, visit your school website and contact their financial aid office. Scholarships, loans, and aid opportunities vary per school. The Simple Dollar also has a handy guide on how DACA recipients may be able to handle financial expectations for students around the U.S.
Stanford GSB Study Says Fun Helps Dealing With Disaster
Stanford’s Graduate School of Business recently published a behavioral study about how having fun is a simple and surprisingly effective tactic victims use to cope in the aftermath of natural disasters.
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